urban grid

Brookfield Renewable (NYSE: BEP, BEPC; TSX: BEP.UN), the renewables arm of Canada's Brookfield Asset Management (NYSE: BAM), has gotten United States solar-plus-storage designer Urban Grid for USD 650 million (EUR 576.4 m), hence boosting threefold to 31 GW its pipeline of US projects.

United States utility-scale renewables designer Urban Grid revealed today it has safeguarded USD 275 million (EUR 238m) of flexible capital after expanding and also extending its existing collaboration with exclusive debt manager Crayhill Capital Management.

The site of two controversial development proposals that never came to pass is now slated to be filled with solar panels and computing storage buildings.

US PV developer Urban Grid has closed a senior secured term loan facility for up to US$100 million with New York-based private credit manager and asset-based lender Crayhill Capital Management LP.